Mylan Rejects Teva's Unsolicited $40 Billion Bid--4th Update

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Ed Silverman Mylan NV Executive Chairman Robert Coury on Monday issued a stinging rebuke of Teva Pharmaceutical Industries Ltd.'s unsolicited bid, using terms harsh even for the sharp-elbowed world of deal making to explain why the generic-drug maker's board ...

El-Erian Sees Stronger Nations and Corporations Performing Even Better

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Ethan Smith BEVERLY HILLS, Calif.--The global economy is headed for a period of "divergence," in which strong nations and corporations perform even better, while weaker ones fall further behind, two high-profile investors predicted at a conference here on Monday. ...

Shell Faces Pressure to Disclose Priorities

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Justin Scheck LONDON--When Royal Dutch Shell PLC reports quarterly earnings on Thursday, investors will be hoping for some detail on how the company plans to cut spending to weather today's low oil prices--and simultaneously spend huge sums. A poll ...

El-Erian Sees Stronger Nations and Firms Performing Even Better

TODAY: April 28, 2015 PUB DATE: April 28, 2015

BEVERLY HILLS, Calif.--The global economy is headed for a period of "divergence," in which strong nations and corporations perform even better, while weaker ones fall further behind, two high-profile investors predicted at a conference here on Monday. In a wide-ranging ...

Fed Rule Making Has Insurers on Edge

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Victoria McGrane And Ryan Tracy WASHINGTON--The Federal Reserve, known for regulating the country's largest banks, has become a major overseer of insurance firms in a big shift for an industry long regulated by states. After years of delay in ...

RBA Sees 'Nontrivial' Challenge on Retirement Incomes

TODAY: April 28, 2015 PUB DATE: April 28, 2015

SYDNEY--Australia's central bank governor Tuesday said generating sufficient retirement income in a world of chronically low yields on long-term assets like bonds will be a "nontrivial" challenge for local markets. "The key question is: how will an adequate flow of ...

Connecticut Democrats Fight Gov. Malloy on Budget Cuts

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Joseph De Avila Democratic lawmakers in Connecticut proposed a two-year budget on Monday that restores funding to developmental services, mental-health providers and higher education that Gov. Dannel Malloy proposed cutting earlier this year. The proposed budget, approved by the ...

Thai Trade Stays Weak in March

TODAY: April 28, 2015 PUB DATE: April 28, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thai exports fell for the third consecutive month in March, mainly due to low shipments of oil products and gold. According to raw customs data, Thailand's exports totaled $18.88 billion in March, a 4.45% year-over-year fall, while ...

Bank of Russia Opposes Forex Restrictions

TODAY: April 28, 2015 PUB DATE: April 28, 2015

MOSCOW--The Bank of Russia said late Monday that it opposes any restrictions on using foreign currencies in Russia, addressing earlier calls from the country's security council. The inter-agencies commission of the Security Council of Russia had told the central bank ...

Germany Faces Consumption-Fueled Boom In 2015 That Won't Last - Survey

TODAY: April 28, 2015 PUB DATE: April 27, 2015

By Andrea Thomas BERLIN--Private consumption will fuel Germany's economy this year with almost half the companies forecasting production growth but this consumption-driven boom will be a flash in the pan, according to a survey from a leading German institute published ...

European Stocks Fall on Greece Concerns --Update

TODAY: April 28, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.3% lower late morning, giving up part of the previous week's gains. ...

European Stocks Fall After Greek Talks Deadlock

TODAY: April 28, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.5% lower in early trade, giving up part of the previous week's ...

China Doesn't Need Strong Stimulus: PBOC Chief Economist

TODAY: April 28, 2015 PUB DATE: April 27, 2015

BEIJING--China's economy faces downward pressure but it doesn't need strong stimulus to boost growth, said Ma Jun, chief economist of the People's Bank of China, according to the state-run People's Daily on Monday. Mr. Ma said China's job market is ...

Thai Vehicle Production Falls 1.72% in March From a Year Earlier

TODAY: April 28, 2015 PUB DATE: April 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Vehicle production in Thailand fell 1.72% in March from a year earlier to 178,217 units, according to the Federation of Thai Industries. March vehicle production fell 0.52% in March from a month earlier, the FTI's Automotive Industry ...

Chinese Anticorruption Investigators Probe Sinopec's President -- Update

TODAY: April 28, 2015 PUB DATE: April 27, 2015

By Brian Spegele BEIJING--China's leaders are deepening their probes into China's distressed oil sector as the nation's top refiner faced new scrutiny on Monday, illustrating the staying power of an antigraft drive that has shaken China's powerful state-owned enterprises. China's ...